Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belgium - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belgium (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belgium (FOB) - 2023
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belgium
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belgium
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belgium (CIF) - 2023
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $666 per ton in August 2023, shrinking by -8.9% against the previous month. Overall, the import price continues to indicate a perceptible decrease. The growth pace was the most rapid in April 2023 when the average import price increased by 8.2% month-to-month. Over the period under review, average import prices attained the maximum at $815 per ton in December 2022; however, from January 2023 to August 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From December 2022 to August 2023, the rate of growth in terms of prices for Indonesia amounted to +2.7% per month.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belgium (FOB) - 2023
In August 2023, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $718 per ton, shrinking by -2.7% against the previous month. Overall, the export price saw a slight contraction. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 9.8% month-to-month. The export price peaked at $836 per ton in December 2022; however, from January 2023 to August 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In August 2023, the country with the highest price was Saint Lucia ($834 per ton), while the average price for exports to Turkey amounted to $638 per ton.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belgium
In 2022, approx. 807K tons of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses were imported into Belgium; increasing by 20% on 2021 figures. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses surged to $775M in 2022. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 116% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | 16.8 | 186 | 1007.1% |
| France | 64.5 | 76.6 | 116 | 158 | 34.8% |
| Germany | 63.5 | 61.5 | 52.4 | 115 | 21.9% |
| Indonesia | N/A | N/A | 22.7 | 63.0 | 177.5% |
| Spain | 65.9 | 33.6 | 46.4 | 49.0 | -9.4% |
| Netherlands | 6.2 | 4.5 | 42.8 | 46.1 | 95.2% |
| United Kingdom | 43.8 | 43.6 | 52.2 | 38.9 | -3.9% |
| Italy | 0.8 | 2.1 | 11.1 | 17.6 | 180.2% |
| Egypt | N/A | N/A | 15.7 | 16.2 | 3.2% |
| Turkey | 4.1 | 0.2 | 40.9 | 15.5 | 55.8% |
| United Arab Emirates | N/A | N/A | 45.4 | 8.4 | -81.5% |
| Russia | 1.0 | 14.5 | 28.2 | 4.4 | 63.9% |
| Algeria | N/A | N/A | 31.1 | 0.2 | -99.4% |
| Others | 3.4 | 16.9 | 24.5 | 55.6 | 153.8% |
| Total | 253 | 254 | 547 | 775 | 45.2% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Belgium in 2022:
- Malaysia (223.5K tons)
- France (152.2K tons)
- Germany (114.7K tons)
- Indonesia (65.3K tons)
- Netherlands (50.6K tons)
- Spain (40.3K tons)
- United Kingdom (33.1K tons)
- Egypt (18.4K tons)
- Turkey (18.3K tons)
- Italy (18.1K tons)
- United Arab Emirates (9.3K tons)
- Russia (4.7K tons)
- Algeria (0.3K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belgium
In 2022, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses from Belgium dropped markedly to 595K tons, with a decrease of -25.4% against 2021. Over the period under review, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by 95%. As a result, the exports reached the peak of 798K tons, and then reduced markedly in the following year.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses dropped to $572M in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 205% against the previous year. As a result, the exports attained the peak of $636M, and then declined in the following year.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 117 | 113 | 395 | 380 | 48.1% |
| Germany | 43.4 | 40.0 | 132 | 114 | 38.0% |
| France | 73.4 | 45.2 | 72.2 | 57.9 | -7.6% |
| Italy | 0.1 | 0.1 | 30.9 | 15.9 | 441.8% |
| Others | 11.0 | 10.7 | 6.2 | 5.0 | -23.1% |
| Total | 245 | 209 | 636 | 572 | 32.7% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Belgium in 2022:
- Netherlands (413.7K tons)
- Germany (111.0K tons)
- France (53.0K tons)
- Italy (13.1K tons)
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